Ford is investing $3.5 billion to build a battery plant in Michigan, a move that will help the automaker take advantage of more federal tax credits for electric vehicles.The plant will operate as a wholly owned subsidiary of Ford Motor Co. but will build batteries using knowledge and services from the Chinese company Contemporary Amperex Technology Co., or CATL, Ford said.
#people #united-states #legislation #press-conference #south-korea #electric-vehicles #full-capacity #operational #electric-vehicle #tax-credits
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